VentureBeat does a reality check on the meltdown at Ambric, the Beaverton, Oregon chip startup backed by OVP Venture Partners and others. VentureBeat says previous reports that venture investors "turned their backs on the company" due to the credit crunch are simply not true.

Airbiquity, the Seattle telematics company that does work with GM's OnStar security system, is expanding to China.

Patrick Ennis, the former venture capitalist at Arch Venture Partners who now works at Intellectual Ventures, continues to share his thoughts on innovation in an interview with Xconomy. “Everyone’s whining about there’s too many patent lawsuits, which isn’t true if you look at the numbers,” Ennis says.

Andy Sack of The Founder's Co-op says now is a good time to start a company.

Headline of the day comes via Computerworld: "How many tech jobs might Obama help create? Maybe none, maybe 300k"

OK Here's a bonus headline of the day via the Daily News: "Eleven-year-old sixth grader gives Amazon.com high marks for its selection and bargain prices."